WXXI AM News

Finance

How much do you know about Bitcoin and cryptocurrency? The value of Bitcoin has gone through the roof recently. Is it a bubble or could it eventually replace the dollar?

We discuss it with our guests:

  • George Conboy, chairman of Brighton Securities
  • Mike Komaransky, partner at DRW and head of Cumberland Mining, one of the world's largest bitcoin trading companies by volume
  • Collin Paran, organizer for the Rochester Bitcoin Group

You've heard of Too Big to Fail, the concept on Wall Street that banks were too massive to be allowed to go under. A new film looks at the opposite. It's called Abacus: Small Enough to Jail, and the man behind it is Steve James of Hoop Dreams fame. James tells the story of the Chinese immigrant Sung family, owners of Abacus Federal Savings in Chinatown. Abacus became the only U.S. bank to face criminal charges in the wake of the 2008 financial collapse. James will be in Rochester on Sunday as the guest of the One Take Film Festival, which is showing both Abacus and Hoop Dreams.

Our guests:

  • Steve James, director of Abacus: Small Enough to Jail
  • Amit Batabyal, professor of economics at RIT

81 percent of Americans say they can handle their money well, but only 37 percent can pass a basic financial literacy test. Oops.

ESL is teaming up with Rochester Young Professionals and hosting a listening party at WXXI studios on September 29. Targeted to young professionals. the topics include how to build a better job, the trend of home buying among young professionals, and strategies for dealing with student loan debt. The debt piece is particularly timely given that in the fall, student loan repayments will kick in for many recent graduates. But wait: as the aforementioned study shows, it's not just about young adults. It's all of us. Our guests:

Did The Big Short succeed in its mission? The Oscar-nominated film was designed to help Americans -- especially Americans with no background in economics or finance -- understand what caused the 2008 financial meltdown.

Our panel includes several people who saw the film. They articulate what they've learned, and our economics professor determines if the film has accomplished its goals. Our guests:

  • Amit Batabyal, professor of economics at RIT
  • Bryan Ball, Woody Battaglia, and Tom Proietti, sharing what they've learned from the film

From the stock market, to new products, to corporate rivalries, to jobs, this year in money saw record highs and lows.

We spend the hour discussing the ups and downs, the winners and losers, and how all of this will impact consumers in 2016. Our guests:

In the first part of the show, we chat with NPR's David Greene and Robert Smith. They're coming to Rochester Tuesday night for an event in conjunction with WXXI called NPR Presents Family Matters: Your Financial Lifetime. The event's purpose is to move the conversation beyond just talk for audiences at different phases in their economic journey.  

Then we're joined by Timothy Wu, candidate for Lt. Governor in Tuesday's Democratic primary. He's campaigning with Zephyr Teachout, who is challenging Governor Andrew Cuomo. Wu will talk about his views on what the Lt. Governor of New York state should be; if he happens to win and Teachout loses, Wu could end up serving as a kind of ombudsman in the Cuomo administration.

A Rochester event designed to empower and educate women is gearing up for its second set of workshops and discussion forums.

WDKX's Women For Women officially launched in April with its first day long series of events. The next installment will take place August 4th. Personal Finance Expert Cheryl Mckeiver sits down with WXXI's LeShea Agnew to give a preview of the upcoming event.

Mckeiver says the first Women For Women event centered around wellness and networking.

For more information about the event visit http://www.facebook.com/WdkxWomenForWomen